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Account
Opening
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You can download the account opening forms from the site and submit them at our branches offering Demat services.
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You can also visit the branches offering Demat service for opening the Demat account.
There is no fee for opening a DP account with ICICI. However, a nominal fee will be levied towards services, as per our tariff. You can choose between Standard Rate Card or Frequent Trader Rate Card as per your trading volume. Or if you wish to hold your Bonds in Demat form you can choose Bond Rate Card.
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Account Opening
Form to Open Securities Account
Account Opening Form to open Commodities
Account in NSDL
Note : The DP Client Agreement
on pg.7 of the form should be franked with stamp duty applicable to
the state mentioned in the correspondence address.
Your DP account number will be intimated to you by by e-mail if the
mail-id is written on the application form or by Courier or by post.
Account Opening Form to open Commodities Account in CDSL
Note : The DP Client Agreement on pg.7 of the form should be
franked with stamp duty applicable to the state mentioned in the correspondence
address.
Your DP account number will be intimated to you by by e-mail if the
mail-id is written on the application form or by Courier or by post.
For NRI’s
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No approval
from the Reserve Bank of India (RBI) is required for opening
a Depository Participant (DP) Account. However, if you do not
hold any shares at the time of opening the account, please enter
in the account opening form as follows: |
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1. |
Submission of Passport and Valid Visa Copy is mandatory for NRI Customers for opening a Depository Participant (DP) Account with effect from 7th May 2007
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2.RBI
reference no: No Holdings
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3.RBI
approval date: Present date
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If you
hold shares that were allotted in the primary market (under
the Direct Investment Scheme), please enter in the account opening
form as follows: |
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1.RBI reference
no: Under General Permission
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2.RBI approval
date: Present date
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If you
are providing your foreign address as your address of communication.
NRI
rate card will be applicable to you. Else you can open account
in Standard Rate Card. |
Tips for deciding NRI account combinations
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NRI Investments
are classified on the following basis:
| 1. |
Repatriability
and |
| 2. |
Mode
of investment |
A.
Repatriable
Repatriable funds (i.e. those which
can be taken abroad) need to be kept in a separate bank account,
i.e. NRE Bank account. Typically, funds brought in from abroad are
permitted in such an account. Investments made from such funds can
be repatriated, i.e. proceeds from sale or otherwise from such investments
can be taken abroad. Such investments are maintained in a Repatriable
Demat account.
B. Non-repatriable
Non-repatriable funds (i.e. those which
cannot be taken abroad) need to be kept separate from repatriable
funds in a separate bank account i.e. NRO Bank account. Investments
made from such funds cannot be repatriated, i.e. proceeds from sale
or otherwise from such investments cannot be taken abroad. Such
investments are maintained in a Non-Repatriable Demat account. Money
once transferred from NRE account to NRO account loses its repatriability
and hence, cannot be transferred back to NRE account.
Mode of Investment :
A.
Portfolio Investment Scheme (PINS)
Portfolio Investment Scheme (PINS)
is a scheme of the Reserve Bank of India (RBI) under which the 'Non
Resident Indians (NRIs)' and 'Person of Indian Origin (PIOs )' can
purchase and sell shares and convertible debentures of Indian Companies
on a recognized stock exchange in India by routing all such purchase/sale
transactions through their account held with a Designated Bank Branch
. The Designated Bank maintains a record of all investments done
under PINS (PINS portfolio).
B.
Non - PINS
Any investment other than under PINS
is Typically, this includes:
| 1. |
Subscription
to Primary market offerings (IPOs) |
| 2. |
Investments
made when resident in India. |
| 3. |
Investments
in Mutual funds |
| 4. |
Investments
in derivatives |
| 5. |
Gifts
and Inheritance |
Deciding Combination
:
You may have to open demat accounts
of a specific combination if you already hold physical shares in
that combination. The physical shares can be converted into electronic
form in your demat account by submitting the certificates along
with a demat request form. You should also open the required combination
under the correct type of demat account :
PINS NRE : For shares
acquired earlier under PINS on repatriation basis.
PINS NRO : For shares acquired earlier under PINS on
non-repatriation basis.
Non-PINS NRE : For shares acquired earlier other than
under PINS on repatriation basis.
Non-PINS NRO : For shares acquired earlier other than
under PINS on non-repatriation basis and also when 'Resident'
in India.
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